NST - Northern Star Resources

[Dona Ferentes]

from around the traps:
.
Northern Star says its stockpile of once worthless rubble is now valued at $2 billion thanks to the approval of its Superpit mill expansion in Kalgoorlie lowering the cost of processing the precious metal.

The value of the rubble has been revised because the mill expansion lowers future processing costs, turning uneconomic, sub-grade stockpiles into money spinners, said Barrenjoey analyst Dan Morgan.

NST made the unusual move on Thursday to “write back” the value of a stockpile it had written off as worthless in 2021 after it acquired Saracen at a time when the gold price was much lower and the economics of processing the stockpile did not stack up.

In its full-year results on Thursday, Northern Star boss Stuart Tonkin says the stockpile is sitting right next to the mill, and once the expansion of the mill is complete, the value of the stockpile will be realised because it can be processed “well under” $20 a tonne.

“So you can see the cash margin inside that stockpile. We’re talking about a couple of billion dollars,” Mr Tonkin said. ?

 

[finicky]

NST has gapped up past a previous peak. Greg Canavan moved this back to buy a couple of weeks back too. He has seven gold producer picks but NST became the only one back on buy with 5 others on hold and SLR a spec buy. Checked out SLR but for better or worse did not get attracted.

NST Held

DAILY

 

[rcw1]

Good evening,

In a nutshell:
NST is trading above its 20-day simple moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock. MACD histogram is above 0 and rising.

Hmmmmmmmmmm
rcw1 to slow with this one on this occasion, two weeks too slow ... dropped the ball
Never mind, had other things playing out.
Not holding

 

[finicky]

Market saluting the Dec Qtrly.
Monthly chart a bit indifferent - been over 3 years now since NST peaked at $17.
Constructii
on started on KCGM mill expansion - wow is that gonna cost. Ramp up won't start until FY27 and won't be at full throttle until end of FY28 .. zzzz

Held and Holding

 

[rcw1]

Good morning
Northern Star Resources will pay a 15c per share interim dividend after recording a nice $198.5m after-tax profit for the first half of the year.
Underlying earnings before interest, tax, depreciation and amortisation of $889m, up 41 per cent from the first half of the previous financial year.

CEO Stuart Tonking said the result had led to a record divided from the gold miner; Moreover, "in addition to record half year cash earnings of $702m, 50 per cent higher period-on-period, Northern Star also posted half year underlying free cash flow of $131m, notwithstanding significant growth capital investment," he said.

But ... hmmm ... Mr Tonkin also warned the company faces cost pressures in the second half of the financial year, despite the company expecting gold production to increase in the second-half.

Not holding.

Have a very nice day, today.

Kind regards
rcw1

​

 

[divs4ever]

Buying Opportunities for Northern Star Resources​

Buying Opportunities for Northern Star Resources

The share price of top ten ASX gold miner Northern Star Resources is up over five years, with multiple dips for buying opportunities.

thebull.com.au

i hold NST

currently i am more interested in accumulating EVN and RND

 

[Dona Ferentes]

NST is planning to extend its current expansion program at the Super Pit gold mine near Kalgoorlie in the WA goldfields. The plan would add seven years to the Super Pit's productive life.

The WA Government’s Environmental Protection Authority (EPA) revealed the plan in a statement on Tuesday.

Northern Star’s subsidiary, Kalgoorlie Consolidated Gold Mines Pty Ltd, has lodged a proposal to widen and deepen the Super Pit where the company is already spending more than $1.5 billion on doubling the capacity of the huge mine.

The EPA said confirmed the expansion application. In it Northern Star wants to increase the area of the development to 7,795 hectares, up from the currently approved 5,914 hectares.

The proposed expansion includes widening and deepening the current pit, as well as scaling up the Fimiston II tailings storage facility and building a new Tailings Storage Facility.

The current expansion plan, is expected to more than double Fimiston's processing capacity from 13 million tonnes a year to 27 million and the self-funded program, which started just over a year ago, is due to be completed in 2026.

The company said last year that production across the Goldfields would ramp up from 2027 to 2028 to allow Northern Star to reach its target of 27 million tonnes a year by 2029.

 

[finicky]

Spend spend spend, endless investment - how about disburse to shareholders.
This is why Beament stealthily exited in two stages near the top of the market with his swag of 'incentive' shares - didn't want to hang around for a decade of slow grind. Don't scare the chickens.

Held

 

[Sean K]

Spend spend spend, endless investment - how about disburse to shareholders.
This is why Beament stealthily exited in two stages near the top of the market with his swag of 'incentive' shares - didn't want to hang around for a decade of slow grind. Don't scare the chickens.

Held

I agree, this is why some gold companies failed to capitalise for shareholders during the last gold bull. Expect more of the same with some of these guys. Just giant self-licking golden ice creams.

 

[rcw1]

Spend spend spend, endless investment - how about disburse to shareholders.
This is why Beament stealthily exited in two stages near the top of the market with his swag of 'incentive' shares - didn't want to hang around for a decade of slow grind. Don't scare the chickens.

Held

Hello @finicky
Big Billy, NST legend... (depends on what is believed outside the Boardroom). The lad got substantial stake in DVP, tipped some of that NST coin in, reckon.

Do trade from time to time, not holding, but a watching.... might be some gorillas on offer
Have a very nice Easter bloke.

Kind regards
rcw1

 

[Sean K]

What's NST doing on the register of this minnow? Why bother? Just in case they accidently trip over some gold?

 

[frugal.rock]

What's NST doing on the register of this minnow? Why bother? Just in case they accidently trip over some gold?


View attachment 174475

Must be more to it than meets an initial glance then eh?
I hold some PXX.

Company Overview - PolarX Limited

www.polarx.com.au

NST adding and picking up the shortfall, long term holders, must be something to believe in?

 

[Sean K]

Must be more to it than meets an initial glance then eh?
I hold some PXX.

Company Overview - PolarX Limited

www.polarx.com.au

NST adding and picking up the shortfall, long term holders, must be something to believe in?

I did long and extensive due diligence on them by reading the first three pages of their last preso, checked that the board weren't also on the board of NST and glanced at the chart. Why did you buy it? Like Alaska?

 

[divs4ever]

i will stick with holding NST , thanks

if NST buys out the rest of it , well i already hold NST

 

[divs4ever]

I did long and extensive due diligence on them by reading the first three pages of their last preso, checked that the board weren't also on the board of NST and glanced at the chart. Why did you buy it? Like Alaska?

from my 'stuck in the hotel ' days ,

Alaska tends to be near/on surface resources but seasonal to extract , that snow makes life difficult ( unless dredging the bottoms of gullies/creeks/lakes )

 

[rcw1]

Good morning
NST has published its March 2024 1/4erly kindly find attached.

Northern Star sold more gold at a slightly better price in the March quarter than in the prior corresponding period – despite weather challenges – and remains on track for its full year guidance. Reportedly sold 400,825 ounces of gold at an all-in sustaining cost (AISC) of $1844/oz, compared to its pcp result of 363,000 ounces at an AISC of $1813/oz. Quarterly revenue totalled $1.2bn.

Managing director Stuart Tonkin says. "Adverse weather had a significant impact and contributed to the company revising our cost guidance for the year, though I am pleased to confirm that we remain on track to deliver our FY24 production guidance into a strong gold price environment."

Nice

Located in Kalgoorlie, Western Australia, the KCGM Operation is one of the world’s largest and most significant gold mines with a Mineral Resource of 28.3Moz and an Ore Reserve of 12.2Moz. KCGM, largest and lowest cost asset, reported an "exceptional operational and financial performance", with the Kalgoorlie Production Centre generating the highest free cash flow per ounce.

Strong milling performance was achieved at Jundee while Pogo remains positioned for a stronger June quarter with throughput expected to lift.

March quarter performance by production centre:
Kalgoorlie: 227,486oz gold sold at an AISC of A$1,592/oz
Yandal: 114,033oz gold sold at an AISC of A$2,070/oz
Pogo: 59,306oz gold sold at an AISC of US$1,567/oz



Not holding



Kind regards
rcw1

 

[finicky]

No near term opinion myself, but from 'Market Matters' today:

Northern Star Resources Ltd (NST) $14.54​

UBS has upgraded its price target for NST to $18.50, over 27% above yesterday’s close. Interestingly, they remain cautious on FY25 production expectations which could lead to some volatility through the coming year.

• We like the risk/reward towards NST in the $14-$14.50 region.

Held and
Holding

 

[divs4ever]

costs especially in North America is the thing to watch here

i hold NST

 

[finicky]

• Northern Star Cut to Hold at Jefferies; PT A$15
• Northern Star Cut to Neutral at JPMorgan; PT A$14.25

Held
Holding

 

[finicky]

Only a 9% rise in statutory NPAT, hrmph
With tailwind of big average gold price rise. Amateurs - I'll be on the phone.

Held